MIT REAP Team Valencia’s regional focus is on the city of Valencia. Universitat Politecnica de Valencia is the backbone organization in MIT REAP Valencia Team. The team is also represented by government and entrepreneurial stakeholders, including the Regional Government.
Innovation Ecosystem Stakeholder Model
Joaquin Rios Casanova
Champion Partner & Executive Director, Tennium
Managing Director FGYM, Universitat Politecnica de Valencia
CEO, La Española Group
General Director of Economy, Entreprneurship and Cooperativism, Regional Government
Professor - Vicerector, Universitat Politecnica de Valencia
Director General for Internationalization, Regional Government
CEO, MARFECO S.L.
Project Manager, Universitat Politecnica de Valencia
Professor - Department Director, Universitat Politecnica de Valencia
Technician IVAE, Regional Government
Rector, Universitat Politecnica de Valencia
Co-CEO, IMEX Clinic S.L.
Challenge & Opportunity
Strategy & Action
Lack of consistency in local government support of R&D and economic development programs
Disconnected research organizations from local corporations
Lack of a cultural understanding concerning entrepreneurship by all stakeholder groups (government, corporate, university, and risk capital)
Developed a regional master plan focused on growing the regions “Innovation Capacity” as it relates to existing local industry
Established a plan to engage the diaspora and encourage students to stay in Valencia and start new businesses
Engage all missing stakeholders through the Advisory Entrepreneurship Council (AEC) and the Focus Innova Pyme and Valencian Entrepreneurs conferences
Metrics of Success:
Success is measured by newly registered startups, employment by new innovation-driven enterprises, an online portal for local entrepreneurs (http://www.emprenemjunts.es/) and revenues from licensed patents
Core Regional Metrics
Economic & Social Progress
Social progress and economic prosperity as a collective measure of development in a region.
Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.
Ability to develop new to the world innovations from inception through to the market.